EUR/GBP rises to 0.8034, 2-month high

FXStreet (Córdoba) - The ">EUR/GBP continue to rise on Thursday after soaring on Wednesday and reached at 0.8034, the strongest level in two months. The Euro rose further despite GDP and inflation data from the Eurozone.

In the last hours the pair lost bullish momentum and pulled back. Currently trades at 0.8015, up 0.10% for the day, on its way toward the highest daily close since June 25.

EUR/GBP levels to watch

Price lost momentum today around the 0.8030/35 area that is an important static resistance (June 25, 26 highs); above here the next potential level to consider lies at 0.8060 and 0.8080.

On Wednesday the EUR/GBP found support around 0.8000 and bounced back to the upside; the mentioned level could continue to offer support, followed by 0.7980 and 0.7965.

Aug 14, 2014

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